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Business of luxury

Business of Luxury Summit

Inside this issue

● Branding: Extension and expansion stories do not always have a happy ending

● Cars: High-flyers make their marque on sales

● Russia: The rich are embracing luxury goods as an antidote to drab years of communist offerings - -

Content

Video: Jón Ásgeir Jóhannesson

Vanessa Friedman talks to the Baugur chief executive about private equity’s view of luxury brands.

Video: Mark Lee

Vanessa Friedman talks to the Gucci chief executive about the importance of a wholly owned Gucci and personalised stores.

Video: Vincenzo Cannatelli

Vanessa Friedman talks to the Ferretti chief executive about the luxury boating industry.

Video: Ralph Toledano

Vanessa Friedman talks to the Chloe chief executive about running a luxury family business.

Diary: Love and Money

“I’ve got Ferragamo under my skin.” Michele Norsa, chief executive of the Italian shoe brand, was almost singing during his keynote address, writes Vanessa Friedman.

Diary: Death in Venice

For an industry encased in a golden bubble of wealth such as it has never known before (everyone agrees on this), the luxury industry - at least those at the FT’s third annual Business of Luxury conference – seems weirdly pessimistic, writes Vanessa Friedman.

Brands are as expensive as their hot products

High valuations make takeovers appear distant, writes Adam Jones.

The US: A vast market opens its doors to the clever retailer

Jonathan Birchall explains why the bigger groups are investing heavily.

Stretching the brand: The risk of extension

Carlos Grande looks at the dangers of over-expansion.

Automobiles: Life is sweet – and becoming sweeter

Carmakers are vying to maintain exclusivity, says John Reed.

Italy: About-turn for tradition

E-commerce: Weaving the web around exclusive brand sales

China: Retailers tap into hierarchy of the nouveau super-riche

Russia: Huge appetite for excess

India: Custom for cruises and cars

The bottom line: Black is the new red for hard-nosed investors

Accumulating the unknowns could be a ‘cocktail for disaster’ for private equity firms

Tailoring: Bespoke Italian suits set for China

Profile: Mark Lee: A delicate balancing act

Retail space: Idiosyncrasy has become the retailer’s uniform